Nonprofit · EIN 59-0776439
CORAL REEF YACHT CLUB
Tax-exempt · MIAMI, FL 33133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990 | $9,537,621 | $9,715,086 | -$177,465 | $17,043,171 | $6,663,076 | $10,380,095 |
| April 30, 2024 | 990 | $8,894,781 | $9,542,650 | -$647,869 | $15,782,926 | $6,198,334 | $9,584,592 |
| April 30, 2023 | 990 | $7,849,137 | $8,787,695 | -$938,558 | $15,183,036 | $5,558,781 | $9,624,255 |
Financial details: 990 for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,317,583
- Investment income
- $44,398
- Net gain from sales of assets
- -$27,596
- Net income from sales of inventory
- $2,101,244
- Other revenue
- $2,175,640
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $4,230,498
- Salaries, compensation and benefits (total)
- $5,575,097
- Professional fundraising fees
- $0
- Depreciation
- $757,510
Balance sheet and other
- Total assets, start of year
- $15,782,926
- Total assets, end of year
- $17,043,171
- Total liabilities, end of year
- $6,663,076
- Net assets, end of year
- $10,380,095
- Land, buildings and equipment
- $10,382,748
- Net assets without donor restrictions
- $10,380,095
- Gross unrelated business income
- $1,140,595
- Gross receipts
- $11,032,138
- Employees
- 155
- Volunteers
- 19
- Year formed
- 1955
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM VAN BUREN | GENERAL MANAGER Officer | 40 | $357,578 | $34,519 |
| PAUL SCHELLER | CONTROLLER Officer | 40 | $126,308 | $15,198 |
| OMARI SCOTT | SAILING INSTRUCTOR Highest-paid employee | 40 | $103,378 | $13,917 |
| STEPHAN MEDINA | COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| JIM HARTENSTEIN | VICE COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS BLOCK | REAR COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| BENTLEY BALZEBRE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| WILLIAM RIEDER | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LUIS PRIETO Y MUNOZ | FLEET CAPTAIN Trustee or director, Officer | 2 | $0 | $0 |
| HORST BAIER | FLEET SURGEON Trustee or director, Officer | 2 | $0 | $0 |
| DAVID BIANCHI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AL GERMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER LA POINTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BERNARD BRIJBAG | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTIAN FALK | DIRECTOR Trustee or director | 2 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LORI HARVEY | DIRECTOR Trustee or director | 2 | $0 |
| KENIA ROCHA | DIRECTOR Trustee or director | 2 | $0 |
| SHARON BOURKE | DIRECTOR Trustee or director | 2 | $0 |
| CLAUDI BREA-STEVENS | DIRECTOR Trustee or director | 2 | $0 |
| CYNTHIA DEMOS | DIRECTOR Trustee or director | 2 | $0 |
| ROSS GAGLIANO | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended April 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM VAN BUREN | GENERAL MANAGER Officer | 50 | $357,579 | $32,973 |
| PAUL SCHELLER | CONTROLLER Officer | 40 | $126,308 | $14,716 |
| OMARL SCOTT | SAILING INSTRUCTOR Officer | 40 | $103,378 | $13,180 |
| NEAL MCALILEY | COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| STEPHAN MEDINA | VICE COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| JIM HARTENSTEIN | REAR COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS BLOCK | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| BENTLY BALZABRE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| LUIS PREITO Y MUNOZ | FLEET CAPTAIN Trustee or director, Officer | 2 | $0 | $0 |
| BERNHARD BRIJBAG | FLEET SURGEON Trustee or director, Officer | 2 | $0 | $0 |
| TAIT KEON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILLY RIEDER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHRISTIAN FALK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LORI HARVEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES PORTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KENIA ROCHA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN WOOD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AL GERMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER LAPOINTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended April 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JIM VAN BUREN | GENERAL MANAGER Officer | 50 | $328,869 | $30,295 |
| PAUL SCHELLER | CONTROLLER Officer | 40 | $119,294 | $12,948 |
| MIKE OWENS | COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| NEAL MCALILEY | VICE COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| STEPHAN MEDINA | REAR COMMODORE Trustee or director, Officer | 2 | $0 | $0 |
| JIM HARTENSTEIN | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| CHRIS BLOCK | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| BILLY RIEDER | FLEET CAPTAIN Trustee or director, Officer | 2 | $0 | $0 |
| BERNHARD BRIJBAG | FLEET SURGEON Trustee or director, Officer | 2 | $0 | $0 |
| SHARON BOURKE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM CUSACK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BILL HARVEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JONAH PRUITT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| CHARLES PORTER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| TAIT KEON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN WOOD | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BENTLEY BALZEBRE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| AL GERMI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| PETER LAPOINTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LUIS PREITO Y MUNOZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2484 S BAYSHORE DR, MIAMI, FL 33133-4730
- Principal officer (990 for 2024)
- JIM VAN BUREN, 2484 SOUTH BAYSHORE DRIVE, MIAMI, FL 33133
- Signed the 990
- JIM HARTENSTEIN, COMMODORE
- Phone
- (305) 285-4218
- Website
- CORALREEFYACHTCLUB.ORG
- Return prepared by
- RSM US LLP
Mission
CORAL REEF YACHT CLUB IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES.
Program accomplishments
- THE CLUB PROVIDES RESTAURANT AND DOCK FACILITIES FOR ITS MEMBERS AND THEIR GUESTS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990 on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990 on file |
IRS record
- EIN
- 59-0776439
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- April
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $17,043,171
- Income (IRS master file)
- $11,032,138
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | April 2025 | $9,537,621 | $9,715,086 | $17,043,171 | XML |
| 990 | April 2024 | $8,894,781 | $9,542,650 | $15,782,926 | XML |
| 990 | April 2023 | $7,849,137 | $8,787,695 | $15,183,036 | XML |
| 990 | April 2022 | $7,183,008 | $8,080,984 | $14,994,662 | IRS |
| 990 | April 2021 | – | – | – | IRS |
| 990 | April 2020 | – | – | – | IRS |
| 990 | April 2019 | – | – | – | IRS |
| 990 | April 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0776439).
Questions about CORAL REEF YACHT CLUB
- What is the EIN of CORAL REEF YACHT CLUB?
- The employer identification number (EIN) of CORAL REEF YACHT CLUB is 59-0776439.
- Is CORAL REEF YACHT CLUB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1957.
- Are donations to CORAL REEF YACHT CLUB tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CORAL REEF YACHT CLUB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORAL REEF YACHT CLUB due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORAL REEF YACHT CLUB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended April 2025.
- Who is the principal officer of CORAL REEF YACHT CLUB?
- The 990 for the year ended April 30, 2025 names JIM VAN BUREN.
- Who are the officers and directors of CORAL REEF YACHT CLUB?
- The 990 for the year ended April 30, 2025 lists 21 people; 3 received compensation from the organization, the highest $357,578 (JIM VAN BUREN, GENERAL MANAGER).
- How much revenue does CORAL REEF YACHT CLUB have?
- On its 990 for the year ended April 30, 2025 it reported revenue of $9,537,621, expenses of $9,715,086 and total assets of $17,043,171 at year end.
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